ICICI Bank announces new senior management appointments, a retirement

ICICI Bank Limited announced the outcome of its Board Meeting held on September 19, 2025. The Board approved the inclusion of Samit Upadhyay and Sachin Garg in the category of senior management personnel (SMP), effective October 1, 2025. This decision followed a recommendation from the Board Governance, Remuneration & Nomination Committee.

The Board also noted the upcoming superannuation of Atul Arora, an existing SMP, from the bank's services on September 30, 2025. Consequently, Arora will cease to be an SMP with effect from October 1, 2025.

Upadhyay is a chartered accountant and actuary with over two decades of experience, having previously worked at Tata AIA Life Insurance, HDFC Standard Life Insurance, and ICICI Prudential Life Insurance. Garg, also a chartered accountant with over two decades of experience, held prior roles at Genpact and Bharat Sanchar Nigam Limited.